LeddarTech acquires Phantom Intelligence’s assets

LeddarTech, a leader in level 1-5 ADAS and AD sensing technology, recently announced the acquisition of the assets of Phantom Intelligence, including all of its intellectual property and technology.

Founded in 2011, Phantom Intelligence is recognized for their expertise in signal processing and LiDAR technology that protects vulnerable road users (VRUs) and improves the safety and fluidity of travel. They ensure that by offering solutions that enable reliable advanced driver assistance systems (ADAS).

The Phantom Intelligence transaction on September 14, 2020 represents the second acquisition by LeddarTech in the last three months. In July of 2020, LeddarTech acquired VayaVision, an Israel-based sensor-fusion and perception technology company. The acquisition of Phantom Intelligence provides LeddarTech access to specific LiDAR designs, software, and associated customer and partner projects. The company and its intellectual property will transition under the LeddarTech brand.

Mr. Frantz Saintellemy, President and COO of LeddarTech mentioned in a press release that the Phantom Intelligence acquisition further advances their strategy to aggregate and consolidate automotive sensing technologies, enabling LeddarTech to offer comprehensive solutions to their customers at lower costs. He added that at LeddarTech they have, despite the COVID 19 pandemic, accelerated their drive towards serving multiple transportation and vehicle markets with end-to-end sensing solutions that provide their ADAS and AD customers a faster path to market at lower costs.

More:  Freedom Consulting Group acquires St. Louis’s Geodata IT

The acquisitions of VayaVision and Phantom Intelligence, combined with their decade-long expertise in groundbreaking L1-5 ADAS and AD sensing technologies, demonstrate their commitment to continuous innovation and service to their Tier 1-2, OEM, and autonomous mobility customers.

The post LeddarTech acquires Phantom Intelligence’s assets appeared first on Geospatial World.


More from: | Category: M&A News